Ossoff, Hawley introduce bills that would ban U.S. lawmakers from trading stocks

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Two U.S. senators from different sides of the aisle have both introduced similar bills that would ban lawmakers and their families from buying and selling stocks while in office.

this week with fellow Democratic Sen. Mark Kelly of Arizona called the Ban Congressional Stock Trading Act, which would require lawmakers, their spouses and dependent children to place their stock portfolios into blind trusts. If passed, the legislation would not allow lawmakers to use inside information to trade stocks and make money.Wednesday called the Banning Insider Trading in Congress Act, which would also ban lawmakers from trading stocks while in office.

And probably the biggest difference: Ossoff's legislation would fine the lawmakers from their salaries if they broke the law, while Hawley's would require lawmakers in the wrong to return their profits to the American people through the Treasury Department. The issue of lawmakers trading stocks has gained traction on Capitol Hill in recent weeks and has widespread bipartisan support but is unlikely to get a vote in the House while Nancy Pelosi is the House speaker because of her opposition to the legislation.

"No," the California Democrat said when asked about a ban. "We have a responsibility to report on the stock. But I'm not familiar with that five-month review. But if the people aren't reporting, they should be."

 

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Hawley's a surprise!

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